5023 SW 70th TerGainesvilleFL32608
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Gainesville at 5023 SW 70th Ter, Gainesville, FL, 32608 offers a 14.35% rental yield on a $215,900 purchase with $2,581/mo rent. Total monthly income registers $2,581/mo, and a $1,057/mo payment leaves $1,035/mo available for distribution. Annual cash flow reaches $12,416/yr on $71,571 to close, and return on cash invested stands at 37.26% in year one. Equity gained on principal adds $1,393/yr while 5% annual appreciation supports $59,649 over five years. Portfolio math shows five-year ROI at 197.17% and total cumulative return in cash at $141,116. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,581/mo property income against a $1,057/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32608, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,458 (100%) |
| Owner Occupied HU | 9,587 (37.7%) |
| Renter Occupied HU | 13,938 (54.7%) |
| Vacant Housing Units | 1,933 ( 7.6%) |
| Median Home Value | $394,846 |
| Average Home Value | $429,933 |
Housing Distribution
Address Breakdown
Residential
23,637
Single Family
12,924
Multi-Family
10,713
Businesses
1,001
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Listed by: Isabel Rolon • CHARLES RUTENBERG REALTY ORLANDO
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6263882
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511